470 Thames Street, Morrinsville, Matamata

Nestled in a serene cul-de-sac at 470 Thames Street, Morrinsville, Matamata, this residential dwelling on a freehold title boasts 2 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1950 with wood walls and an iron roof, the property presents an average condition both inside and out. The level contour adds to the ease of living on this 549sqm land area, while the 87sqm floor area provides ample space for comfort. Notably, the capital value has seen a significant increase from $325,000 in 2018 to $550,000 in 2021, reflecting a growth rate of 69.23%.

With a HouGarden AVM of $552,500, the latest sale history showcases a consistent rise, from $510,000 in 2020 to $603,000 in the recent transaction on August 14, 2024. This trend highlights the property's increasing desirability and investment potential.

For families with school-aged children, the property falls within the zone of Morrinsville College, a secondary school with a decile rating of 6. Additionally, Morrinsville Intermediate School and Morrinsville School offer options for intermediate and contributing levels, with decile ratings of 5 and 3 respectively, ensuring quality education is within reach.

Updated on September 25, 2024